Laboratories Credit Union Limited

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Property Investment Mortgage Interest Only 

Our Interest Only Investment Loan option offers you flexibility on your investment loans. This allows investors to maximise the benefits that may be obtained through negative gearing.

The interest rate is fixed for one or two years initially; it may then be transferred to the property investment variable rate, or renegotiated for a further 12/24 months at the prevailing Interest Only rate.

1 Year Fixed
5.40% pa
interest rate

4.57% pa comparison rate1


2 Years Fixed
5.90% pa
interest rate

4.70% pa comparison rate1

  • 100% offset
  • No redraw fees
  • No ongoing fees
  • Variable and lump sum repayments
  • Automatic repayment from salary

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  How do I apply?
  What documents do I need?

  • 2 current payslips
  • If your pay is not currently deposited to an LCU account, please supply 3 months' of bank statements showing payroll income.
  • Proof and source of other income
  • If self-employed, full financial statements and tax assessments for the last 2 years and current figures no more than 3 months old
  • Statement of your home and/or any other loans
  • Latest 3 months of statements (all pages) for all credit/store cards showing the credit limit
  • Latest 3 months statements (all pages) of all bank accounts
  • Latest 3 months statements (all pages) of any "buy now/pay later" accounts (if applicable)
  • A recent copy of rental lease or if boarding, a letter from the owner
  • Council Rates notice for all properties owned

  Additional information

Rates are subject to change. Please refer to our rates and fees page.
1Comparison rate based on a secured loan of $150,000 over 25 years. Warning: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. 


Property Investment Mortgage interest only
Interest Rates
1 Year fixed interest rate5.40% pa
1 Year fixed comparison rate4.57% pa
2 Year fixed interest rate5.90% pa
2 Year fixed comparison rate4.70% pa
Fees
Establishment Fee$916.24
Annual Fee$0 
Monthly Fee$0 
Redraw Fee$0 
Features
Automatic Deposits (salary / account)Yes
Minimum Amount$50,000 
Maximum borrowing capacity (LVR)80% No LMI, 95% with LMI
Minimum Term in Years1 or 2 
Maximum Term in Years30 
Redraw FacilityYes 
Offset Account100% offset available 
RepaymentsWeekly, fortnightly or monthly